ased on chapter 11) < Question 7, P11-30 (similar to) Part 1 of 9 HW Score: 0%, 0 of 7 points O Points: 0 of 1 Save Unequal lives-ANPV approach JBL Co. has designed a new conveyor system. Management must choose among three alternative courses of action: (1) The firm can sell the design outright to another corporation with payment over 2 years. (2) It can license the design to another manufacturer for a period of 5 years, its likely product life. (3) It can manufacture and market the system itself, this alternative will result in 6 years of cash inflows. The company has a cost of capital of 11.8%. Cash flows associated with each alternative are as shown in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Alternative Initial investment (CFO) Sell $199,300 License $200,700 Manufacture $449,900 Year (!) Cash inflows (CF) 1 2 $201,000 249,400 $250,300 $199,100 99,600 240,000 3 4 80,900 199,100 60,700 199,100 a. The net present value for the option to sell is $ (Round to the nearest cent.)